GOLDEN, Colo., Nov. 26, 2014 /PRNewswire/ -- Atna
Resources Ltd. ("Atna" or the "Company") (TSX:ATN /
OTCQB:ATNAF) is pleased to announce that it has closed the sale of
its Reward Gold Mine near Beatty,
Nevada, and the Clover Gold-Exploration Property in
Elko County, Nevada (collectively,
the "Subject Properties"), by way of a US$10.0 million Share Purchase Agreement (the
"Agreement") with Waterton Nevada Splitter, LLC ("Waterton
Splitter"), a portfolio company of Waterton Precious Metals Fund II
Cayman, LP ("Waterton").
Under the Agreement, Atna sold to Waterton Splitter all of the
shares and interests in two subsidiaries holding the Subject
Properties. Approximately US$5.0
million of the proceeds has been applied towards paying down
principal and interest owed under the Company's senior secured
credit facility with Waterton. The remaining US$5.0 million of proceeds is available for
general working capital purposes.
For additional information on Atna Resources please visit our
website at www.atna.com.
This press release contains certain "forward-looking
statements," as defined in the United
States Private Securities Litigation Reform Act of 1995, and
within the meaning of Canadian securities legislation, including
statements relating to the sale of two Atna subsidiaries and the
use of the proceeds of that sale. Forward-looking statements
are statements that are not historical fact. They are based on the
beliefs, estimates and opinions of the Company's management on the
date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change, unless required by law,
including the rules and regulations of the TSX. Factors that could
cause future results to differ materially from those anticipated in
these forward-looking statements include: the risk that the share
purchase and sale might not close, that the Company might encounter
problems such as the significant depreciation of metals prices;
accidents and other risks associated with mine development and
production operations it Pinson mine or other projects; the risk
that the Company will encounter unanticipated geological factors;
the Company's need for and ability to obtain additional financing;
the possibility that the Company may not be able to secure
permitting and other governmental clearances necessary to carry out
the Company's exploration and development programs; and the other
risk factors discussed in greater detail in the Company's various
filings on SEDAR (www.sedar.com) with Canadian securities
regulators and its filings with the U.S. Securities and Exchange
Commission, including the Company's 2013 Form 20-F dated
March 14, 2014.
Neither the TSX nor its regulation services provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy and accuracy of this press release.
FOR FURTHER INFORMATION, CONTACT:
James Hesketh, President and CEO
- (303) 278-8464
Valerie Kimball, Investor Relations
- toll free (877) 692-8182
www.atna.com
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visit:http://www.prnewswire.com/news-releases/atna-closes-sale-of-reward-and-clover-properties-300001933.html
SOURCE Atna Resources Ltd.